Bloomington, IN vs Hobart, IN

Bloomington, IN and Hobart, IN have a very similar cost of living, with only a 3.9% difference in their overall index. Bloomington scores 92 while Hobart scores 88 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bloomington is $1,160/month compared to $1,174/month in Hobart — a 1% difference. Interestingly, home values tell a different story: while Bloomington has cheaper rent, Hobart actually has lower median home values ($203,400 vs $289,700).

Median household income in Bloomington is $48,918 compared to $71,680 in Hobart (-31.8%). Hobart offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bloomington spend roughly 28.5% of their income on rent, more than the 19.7% in Hobart.